Forex Reversal With Fibonacci Indicator
In today forex faq, I shall be sharing with you something about the forex Fibonacci indicator. Below is the question: AS THE PRICE ACTION REACHES FIBO:61.8, HOW DO U KNOW FOR SURE THAT THERE IS A REVERSAL AS ‘CANDLES’ ARE CONFUSING DURING CONSOLIDATION PHASE. If you have read the forex trading signal that I have [...]
How To Trade With Multiple Time Frames
In today forex faq, I shall be talking about how I make use of the lower time frame when I am trading the higher time frame like the daily chart. Below is the question from one of our fellow trader: When you trade the daily chart, how do you make use of the lower time [...]
Important Forex Support and Resistance Levels
In today forex faq, I will be going through this question by one of our fellow traders. How can one know when a strong support and resistant level is? In my opinion, the strong level of support and resistance are the following Pivots Fibonacci Major Swing High or Low The pivot levels are usually used [...]
Forex Reversal or Retracement Tips
For today Forex FAQ, I will go through with you this specific question from one of our fellow traders. This is a question that is often asked by new trader and it is also one of the questions that is in my mind when I first started trading a few years back. So let us [...]
4 Effective Ways To Place Your Stop Loss
In this week forex faq session, I will be answering this question from one of our valuable member of this blog. Would you please explain where to place stop losses with trend line break strategy? When answering this question, it also applies to other trading strategy such as breakout trade, range trading and so on. [...]
My Forex Fibonacci Trading System
April 13, 2010 by Kelvin
Filed under Forex Tutorial
If you have read my previous post showing you how to plot the forex Fibonacci indicator on your chart, you will understand the power of the 0.382, 0.500 and the 0.618 Fibonacci retracement level. These retracement levels are areas where you will the price being repelled by them. What makes Fibonacci trading such a popular [...]
Forex Fibonacci Indicator Explained
March 17, 2010 by Kelvin
Filed under Forex Indicator
As most of you know that the forex market basically moves in waves and there will be time where the market extends and there will also be time where the market retraces. One of the best tools that you can use to time this retracement and extension is the forex Fibonacci levels. So What Exactly [...]
